Funded Leave Plan. Q.39 The Employer agrees to make available to Employees on Seniority List A the Self Funded Leave as outlined in Appendix C. Bereavement Leave
Funded Leave Plan. 13.12 The Employer agrees to establish an employee-financed absence with leave plan to permit employees to be absent for a period of either six (6) months or one (1) year. Application for this leave must be in writing to Human Resources and be at least two (2) years in advance for the six (6) month leave and four (4) years in advance for the one (1) year leave. Approval of leave is at the Employer’s discretion. The terms and conditions of the plan are subject to consultation with the Labour/Management Committee. New Member Interview
Funded Leave Plan. Note: The details of this Self-Funded Leave Plan are subject to the approval of Canada Customs and Revenue Agency (CCRA) (formerly known as Revenue Canada) prior to implementation. This Plan is designed to provide continuing Employees with an opportunity for paid leave and is not established to provide benefits to persons on or after retirement;
Funded Leave Plan. The Employer agrees to establish an financed absence with leave plan to permit employees to be absent for a period of either six (6) months or one
Funded Leave Plan. (a) The Self-Funded Leave Plan shall afford an Employee the opportunity to enter into an agreement with the Board to take a one year Self-Funded Leave. During the leave term the Employee shall agree to be paid at: leave plan of salary leave plan of salary leave plan of salary leave plan of salary normally paid under the current Collective Agreement in each of these years. Under the following alternatives: leave plan of salary leave plan of salary leave plan of salary leave plan of salary shall be withdrawn by the Board in each of the years leading up to the Funded Leave year. The amounts withdrawn shall be invested by the Board. The amount withdrawn plus accrued interest shall be paid to the Employee during the year of leave. During all years that the individual Employee is participating in the Funded Leave Plan, all Employee benefits shall be maintained at a level as if the Employee was being paid at of salary. Premium costs during the Self-Funded Leave will be paid in full by the Employee. During the Funded Leave year, the Board shall deduct from each pay an amount equivalent to the total monthly premium costs paid on the Employee’s behalf. The Board assumes no responsibility for any consequences arising out of the implementation of the Plan related to its effect on the Pension Plan provision, income tax implications, Employment Insurance and the Canada Pension Plan.
Funded Leave Plan. Description: Self funded leave plan has been developed to afford employees the opportunity of taking up to a one year leave of absence and, through deferral finance the leave subject to the regulations under the Income Tax Act.
Funded Leave Plan. The Society will establish an Employee funded leave plan pursuant to which a permanent Employee, with approval of the Society, may defer between five (5) and twenty (20) percent of salary for each of four (4) consecutive “terms” and then take a consecutive “term” of absence. The conditions of the Leave Plan are as follows:
Funded Leave Plan. Any Member with a minimum of one year's service with the Board is eligible to apply for a Self-Funded Leave Plan, which has been developed to afford Members the opportunity of taking a one-year or half-year leave of absence, with pay, by spreading salary over a longer period of time (e.g. years' salary over years or one-half year's salary over year). The maximum period for a Self-Funded Leave Plan shall be six
Funded Leave Plan. The Employer agrees to make available to Employees on Seniority List A the Self Funded Leave as outlined in Appendix Bereavement Leave Bereavement leave shall be granted by the Director of Education, or designate, without loss of salary for scheduled hours of employment on three (3) days to an Employee at the time of the death of a member of the Employee’s immediate family in order for the Employee to make arrangements for and attend the funeral of such family member. Immediate family shall mean parents, parents-in-law, guardians, spouse, children, brothers, sisters, grandparents and grandchildren. If during a sick leave, an Employee is bereaved in circumstances under which the Employee would have been eligible for bereavement leave with pay under the above clause, the Employee shall be granted bereavement leave with pay and their paid credits shall be reinstated. Additional days may be granted by the Employer when required by the Employee for travelling time or other special circumstances.
Funded Leave Plan. The Self Funded Leave Plan has been developed to afford Employees the opportunity of taking up to one year leave of absence and, through deferral of salary, to finance the leave subject to the regulations under the Income Tax Act. To be eligible to participate in the plan, an Employee must have three years service with the Board. An Employee must make a written application to the Director of Education on or before March requesting approval to participate in the plan. On or before April the Director of Education or designate shall reply in writing stating whether or not application has been approved and providing an explanation if the application is denied. The right to reject or approve individual requests to participate in the plan will rest solely with the Board. In each year of the Plan preceding the year of the leave, an Employee shall be paid of annual salary. The remaining of annual salary shall be deferred and deposited to a joint trust fund at the Employer's banking institution with an account heading "Bluewater District School Board In Trust for (name of Employee)". The amount deposited to this account will be retained for the Employee to finance the year of the leave. Interest will be retained and paid out at the end of the calendar year. Consideration will be given to a request for a leave to be financed by deduction of a larger amount of salary over a shorter period of time. For example, deduct for three years to finance a leave in the fourth year or deduct for two years to finance a leave in the third year. The length of the Plan shall not exceed six years, including the year of the leave. The scheduled year of leave will only be taken in the last year of the Plan. At the start of the leave of absence, the amount deposited to the Employee account plus accrued interest to that date shall be transferred to the general account of the Bluewater District School Board to pay the Employee's salary, and no further interest shall be earned.
